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$4.61 resource generation limited

Ann: Administrators appointed to Resource Generation Limited, page-16

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waldo1

1,852 Posts.

19

06/07/21

22:02

Post #: 54327959
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Originally posted by Foxben: ↑

who is the mine getting sold to? who gets to clean up with a massive mine at a bargain price in a time where coal prices are as high as ever.

As someone who tried to see logic in this soap opera drama over the past 2yrs - this is a clusterf^ck outcome and an embarrassment.

I will never touch a South African company again.

would someone care to explain...

why IDC sold down their shares hard and fast 18 months ago and then announced they are out 6 months later?
why announce Papi as CEO and then liquidation 6 weeks later?

so much bull$hit. Retail investors got shafted.

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i would guess noble as it is the major creditor.

so noble gets first dibs on potential 1b coal mine for the 30 odd mill lent to RES.

why didnt jury just raise equity 12 years ago????

RES Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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